Birchcliff Energy (OTCMKTS:BIREF) Posts Quarterly Earnings Results

Birchcliff Energy (OTCMKTS:BIREF) posted its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, Zacks reports. Birchcliff Energy had a return on equity of 0.68% and a net margin of 2.43%.

Birchcliff Energy Trading Down 1.3 %

Shares of OTCMKTS BIREF traded down $0.05 during mid-day trading on Wednesday, reaching $4.00. 88,663 shares of the company’s stock were exchanged, compared to its average volume of 96,392. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 99.90 and a beta of 0.62. Birchcliff Energy has a 52-week low of $3.15 and a 52-week high of $4.83. The company’s 50-day moving average is $3.81 and its 200-day moving average is $3.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01.

Birchcliff Energy Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.0714 dividend. This represents a dividend yield of 8.06%. The ex-dividend date of this dividend was Friday, December 13th. Birchcliff Energy’s dividend payout ratio (DPR) is presently 700.18%.

Wall Street Analyst Weigh In

BIREF has been the subject of several analyst reports. TD Securities upgraded Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Scotiabank upgraded shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Finally, National Bank Financial raised shares of Birchcliff Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd.

About Birchcliff Energy

Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, light oil, condensate, and other natural gas liquids in Western Canada. The company holds interests in the areas of Montney/Doig Resource Play, including the Pouce Coupe and Gordondale properties in Alberta.